Overview
Discussions Key data points
Last release
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Observation period
2023
Next release
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Forecast
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Highest
31.33 B USD on Dec 31, 2023
Lowest
250.00 M USD on Dec 31, 1961
About Iceland GDP
The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time.
Related indicators
Frequently Asked Questions
One of the ways to count Iceland GDP is to add up its consumer spending, business investment, government spending, and net exports.
In 2023 Iceland GDP was 31.33 B USD, and the year before it reached 28.77 B USD.
Iceland GDP accounts for 0.03% of the world GDP.
In 2023 Iceland GDP per capita was 59.10 K USD, and in 2022 it reached 57.93 K USD. GDP per capita is gross domestic product divided by a country's population.
Last quarter Iceland real GDP was 778.53 B ISK, the quarter before it reached 803.06 B ISK.
Since GDP measures an economy's output, it is subject to inflationary pressure. So real GDP is a measure of an economy's output adjusted for inflation.
The highest figure Iceland GDP has ever reached is 31.33 B USD.
The lowest ever value Iceland GDP has reached is 250 M USD.